Josefina Del Carmen
Update on Josefina Del CarmenJosefina needs a new loan so she can continue investing in her store and buy merchandise so she can provide better service to her customers. She will buy sodas, juices, cookies, candies and other things.
The previous loan helped her increase her income and number of customers and she used the income to feed her children and for the other household expenses. Thanks to this Kiva loan she can pay for her children’s education.
El crédito anterior le ayudo a incrementar sus ingresos y la clientela, las ganancias que recibe las invierte en la alimentación de sus hijos y los demás gastos del hogar; gracias al préstamo otorgado por Kiva puede financiarles el estudio a sus hijos.
Previous Loan DetailsJosefina is asking for a new loan to invest in merchandise to fill her store. She will buy a variety of snacks, sodas, juices, sweets, and other items which her customers ask for, and which are at this time absent from her store. It happens that with the previous loan, she was able to buy a g... More from Josefina Del Carmen's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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